Today's News

Slack Signs Major Office Lease in Yaletown - Reported to be Raising Major New Financing Round

Vancouver, BC, March 24, 2015--(T-Net)--Slack Technologies Inc. (www.slack.com), developers of a "team communication tool" or platform also called "Slack", have signed a new lease for a major office space in the Yaletown area of Vancouver for its Canadian team.

The company is also reported to be raising a major new financing that would value the company at over $2 Billion, just four months after closing its most recent financing of $120 million, according to Bloomberg, The New York Times, and TechCrunch. Some reports have pegged the financing at a valuation as high as $2.5 - $2.6 Billion U.S.

Slack reported just last month that at it's one year anniversary, the company is now the fastest growing business app ever.

Slack is a San Francisco-based company founded by core members of the original Flickr team including Slack CEO Stewart Butterfield.

Slack was launched "officially" just a year ago on Feb 12, 2014, and the company is based in San Francisco but also has a major and growing office and presence in Vancouver, BC as well (in Yaletown).

Slack is a team communication tool that brings together all of a team's communications in one place, instantly searchable and available wherever you go. The product offers a real-time messaging, archiving and search tool that endevors to facilitate better communication within a team, than traditional; methods such as email.

Top 5 countries: United States, United Kingdom, Canada, Japan, and Germany;

“Slack is leading the world into a new way of working,” says John Doerr, general partner of KPCB and Slack board observer in a recent press release. “The velocity of their growth is setting new standards as Slack delights teams both large and small. Slack drastically reduces internal email and revolutionizes information streams. We're witnessing the birth (and birthday) of a new enterprise technology leader.”

“Messaging has emerged as one of the most fundamental applications of the Internet, and its value is shifting into our work lives,” said Stewart Butterfield, CEO and co-founder of Slack. “Slack radically increases internal transparency and turns communication archives into a powerful shared resource. The advantages are so big that we feel safe predicting all businesses will move a centralized system for communication within the next 10 years.”

About Slack

Slack is a messaging and search platform that brings team communication into one place, creating a single unified archive accessible through powerful search. It integrates with dozens of popular services such as Twitter, Dropbox, Trello, Asana, Google Docs, JIRA, MailChimp, Stripe, Zendesk and others to help consolidate and make sense of the ever-growing flows of data that confront modern teams. Since launching in February 2014, Slack now has more than 500,000 daily active users across more than 60,000 teams.

Based in San Francisco, with an office in Vancouver, Slack has raised $162 million from investors including Kleiner Perkins Caufield & Byers (KPCB), Google Ventures, Accel Partners, Andreessen Horowitz and The Social + Capital Partnership.